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MA_775_DIABLO [31]
2 years ago
11

At what simple interest rate would you invest $1,400 to earn $420 after 6 years?

History
1 answer:
Ugo [173]2 years ago
7 0

Answer:

5%

Explanation:

I = P × R × T

420 = 1400 × R/100 × 6

R = 420 / 84 = 5%

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